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Cool fundings – Jamaican bobsled team get financial backing for Winter Olympics

Published 21/01/2014 | 12:55

Jamaica will realise their Olympic dreams after receiving online financial backing
Jamaica will realise their Olympic dreams after receiving online financial backing

After recent qualification for the Sochi Winter Olympics, the Jamaican bobsled team look set to get the financial backing required to take their place in Russia.

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The two-man bobsled team of Winston Watt and brakeman Marvin Dixon qualified at the weekend as Jamaica will be represented after an absence of 12 years.

The Jamaican bobsled team reached international fame in 1988 after their first time ever qualifying for the Winter Olympics, with the film ‘Cool Runnings’ putting the story in front of a global audience, but there were concerns that they would not be able to compete next year in Sochi.

Watt divulged that even after spending his own cash to transport the team to training sessions there weren't enough funds for the team and equipment to make the journey to Russia. Thus, he placed his Olympic dreams in the hands of donors, opening a PayPal account to pay for the estimated $40,000 cost.

Now it seems that crypto-currency Dogecoin is going to help the Jamaicans realise their dream of competing in Russia.

The team behind Dogecoin, an off-shoot of the online currency Bitcoin, have already raised nearly US$25,000 already for the team through the online-forum Reddit.

The company uses the popular online meme of ‘doge’ which shows pictures of Shiba Inu dogs surrounded by misspelled or broken English phrases and the currency has skyrocketed in value in only a matter of days and continues to trade online.

It is hoped that the bobsled team will receive more funding from the online community, with Indiegogo also helping swell the coffers.

The hashtag #CoolRunnings has been trending since Watts and Dixon qualified at the weekend and laid bare their financial difficulties.

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